Governor Reynolds Declares October 18 as “Credit Union Day” in Iowa

DES MOINES, IA — In honor of International Credit Union Day being celebrated on October 18th around the globe, Governor Kim Reynolds signed a proclamation declaring today as “Credit Union Day” in Iowa.

“Credit unions showcase the cooperative spirit through their “people helping people” philosophy,” said Gov. Reynolds. “As a credit union member myself, I recognize the value credit unions provide to their members and the communities they serve by empowering Iowans to improve their financial future.”

Gov. Reynold’s Credit Union Day proclamation recognizes the Iowa credit union industry for its continuing advancement of the financial well-being of credit union members and the contributions made to their respective communities. It states, “Credit unions embrace a ‘people-helping-people’ philosophy through pooling of personal resources and leadership abilities for the good of the cooperative, empowering members to improve their financial future and uniting to help those in need.”

As not-for-profit, financial cooperatives, Iowa credit unions serve 1.1 million members and help them save $100 million annually through better rates and fewer fees than other financial institutions. Globally, credit unions serve 217 million members in 105 countries worldwide.

“Today we celebrate the simple idea that by working together, people can improve their financial lives,” said Murray Williams, President/CEO of the Iowa Credit Union League. “International Credit Union Day highlights the spirit of the global credit union movement and recognizes the benefit provided to Iowa consumers. The not-for-profit, cooperative structure saves Iowa credit union members $100 million annually – helping to improve the financial lives of more than 1.1 million Iowans and their communities across Iowa.”

Sponsored by the World Council of Credit Unions since 1948, International Credit Union Day is celebrated to remember credit unions’ proud history and promote awareness of and support for the credit union difference.

World Council of Credit Unions (WOCCU) is the international trade association and development agency for credit unions worldwide, and numerous national credit union trade associations and federations around the world. To find out more about International Credit Union Day, visit www.woccu.org/events/icuday. For more information about WOCCU, visit www.woccu.org.